DORCHESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMONWEALTH KITCHEN INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $6.3M in total revenue in fiscal year 2023. Expenses of $5.9M left a modest 7% surplus.
CWK'S MISSION IS TO BUILD A NEW FOOD ECONOMY GROUNDED IN RACIAL, SOCIAL AND ECONOMIC JUSTICE BY STRENGTHENING THE CAPACITY, CONNECTIONS, AND COLLECTIVE POWER OF DIVERSE ENTREPRENEURS TO START AND GROW SUCCESSFUL FOOD BUSINESSES. TO ACCOMPLISH THIS MISSION, CWK OPERATES GREATER BOSTON'S ONLY NONPROFIT FOOD BUSINESS DEVELOPMENT CENTER AND FOOD MANUFACTURING SOCIAL ENTERPRISE.
READY TO LAUNCH: WITH SO MANY PEOPLE STARTING INFORMAL FOOD BUSINESSES OVER THE PAST YEAR, AND NOW LOOKING FOR SUPPORT, WE'RE CURRENTLY ADAPTING OUR START-UP PROGRAMMING INTO A NEW 16-WEEK START-UP...
READY TO LAUNCH: WITH SO MANY PEOPLE STARTING INFORMAL FOOD BUSINESSES OVER THE PAST YEAR, AND NOW LOOKING FOR SUPPORT, WE'RE CURRENTLY ADAPTING OUR START-UP PROGRAMMING INTO A NEW 16-WEEK START-UP PROGRAM, AN EXTENSION OF OUR SIGNATURE FOOD BIZ 101, INTENDED FOR BUSINESSES THAT ARE ABOUT TO LAUNCH IN CWK'S SHARED KITCHENS. THE EXPANDED PROGRAM COVERS ALL OF THE BASICS - FROM PERMITS TO HOW TO CREATE INVOICES, TO FINANCIAL MANAGEMENT AND PRICING. READY TO LAUNCH WILL ENSURE A STRONG START TO NEW BUSINESSES THAT LAUNCH AT COMMONWEALTH KITCHEN.NETWORK SUPPORT: WHEN STATE AND FEDERAL MONEY BECAME AVAILABLE, COMMONWEALTH KITCHEN JUMPED INTO ACTION, SPREADING THE WORD ABOUT RESOURCES AND HOSTING NUMEROUS WEBINARS IN COLLABORATION WITH USC AND OTHERS TO GIVE ENTREPRENEURS ACCESS TO THE ANSWERS THEY NEED TO TAKE ADVANTAGE OF RESOURCES AVAILABLE. WE ALSO LAUNCHED A FOOD BUSINESS LISTSERV, PROVIDING ADVICE AND PEER NETWORKING FOR 200+ BUSINESSES. RESTAURANT RESILIENCY: THIS PROGRAM WILL PROVIDE A NETWORK OF DEEP SUPPORT TO SMALL RESTAURANTS ACROSS THE REGION THROUGH A FACEBOOK GROUP. DESPITE THE ENORMOUS CHALLENGES OF 2020, CWK WAS ABLE TO SUPPORT OUR VITAL, BASELINE BUSINESS EDUCATION AND TRAINING PROGRAMMING, WHICH HAS BECOME ALL THE MORE CRITICAL GIVEN THE CURRENT ECONOMIC REALITIES. CWK PROVIDED A RANGE OF BUSINESS SUPPORT SERVICES, INCLUDING HOSTING WEBINARS AND PROVIDING 1-ON-1 SUPPORT SERVICES TO MORE THAN 100 BUSINESSES. WE PROVIDED DIRECT ASSISTANCE TO OVER 50 BUSINESSES APPLYING FOR VARIOUS GRANTS AND LOANS, HELPING SECURE MORE THAN $2M TO SUPPORT THEIR RECOVERY EFFORTS. WE RAISED AND INVESTED ANOTHER $1M+ THROUGH OUR COMMONTABLE EMERGENCY FOOD EFFORTS TO PAY OUR HARD-HIT FOOD BUSINESS COMMUNITY TO FEED THEIR NEIGHBORS IN NEED. AS PART OF THE PROGRAM, WE PROVIDED 25+ BUSINESSES WITH TRAINING ON BULK FOOD PRODUCTION AND PROPER COOLING AND TRANSPORTATION TECHNIQUES, AND STAFF TRAINING FOR CONTACTLESS DELIVERY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,270,782 | $6,158,678 | +0.0% |
| Expenses | $5,853,679 | $4,491,776 | +0.3% |
| Net Income | $417,103 | $1,666,902 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JENNIFER FAIGEL | EXECUTIVE DIRECTOR | 40.00 |
Director
|
$200,000 | $0 | $200,000 |
| LESLEY DELANEY HAWKINS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELDON LLOYD | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTOINETTE COAKLEY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HELENE SOLOMON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARA FAGAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAGNOLIA CONTRERAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAUL FERNANDEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON ALLEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,270,782 | $5,853,679 | $14,681,256 | $417,103 |
| 2023 | $6,248,782 | $5,791,179 | $14,681,256 | $457,603 |
| 2022 | $6,158,678 | $4,721,759 | $14,515,877 | $1,436,919 |
| 2021 | $6,037,848 | $3,869,209 | $6,037,148 | $2,168,639 |
| 2020 | $4,937,694 | $3,599,054 | $3,872,469 | $1,338,640 |
| 2019 | $2,916,415 | $2,691,550 | $1,783,422 | $224,865 |
| 2018 | $2,528,580 | $2,213,941 | $1,516,237 | $314,639 |
Compare COMMONWEALTH KITCHEN INC with other nonprofits in Massachusetts and across the country.